Under national income, we discussed 3 methods namely: value-added method, income method, and expenditure method. You can revise these methods before learning the precautions of each method while calculating national…

Under national income, the concept of domestic territory and normal residents is crucial. Students get identification questions on this topic and are asked to provide the reasoning of the same.…

GDP is considered as an index of the welfare of the people. Welfare means the sense of material well being among the people. So, higher GDP indicates the greater welfare…

We have seen the GDP aggregates, gross and net investment, Methods of GDP calculation and now we will learn about real GDP and nominal GDP. Which is considered to be…

Under national income accounting, we have seen the first two method: Value-added method, Income method, now we will understand the third and final method for the calculation of GDP, which…

We have done the basic conversion in national income, which helped us in understanding the GDP calculation under the value-added method. Now, the second method to calculate GDP is the…

There are 3 main methods for calculating National Income; Value-added method, Income method, and the Expenditure method. Today, I will be explaining the value-added method but To understand this method…

I will be discussing some specific terms under investments from the national income accounting point of view. I know there are several types of investments, feel free to leave your…

This is an important topic from National Income which we should know if we are good economics experts. The Circular Flow Of Income shows how income circulates in any economy.…

We have already discussed the meaning and basics of National Income. Now, as per the request from one student on social media, I am going to discuss some basic conversions…